Significant Savings Opportunity
one-time savings of up to
on-going savings of up to
Most transactions occur in the tail
percentage of transactions that occur in the tail
Tail spend consitutes at least 20% of spend in an average organization. If this spend is unmanaged and invisible this constitues a considerable amount of risk to the organization. These risks include: high process cost, reputational risk, supply risk and non-compliance risk.
Therefore, if you tackle tail spend, you will also be strategically minimising risk to your organization.
percentage of spend in an average organization that is "tail spend"
Tackle Tail Spend
This article is based on the white paper “An Introduction to Tail Spend and Why You Need a Technology-Based Solution“. For more in-depth look at tail spend and the points raised in this article download the white paper.
An Introduction to Tail Spend
This White Paper, written by Dr Michael Lamoureux, Editor of Sourcing Innovation and a contributor to Spend Matters, is an introduction to tail spend and tackles some of the most important questions.
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